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UPDATE 1 - UK Stocks - Factors to watch on Feb. 4

Published 04/02/2020, 08:50
Updated 04/02/2020, 08:54
© Reuters.  UPDATE 1 - UK Stocks - Factors to watch on Feb. 4
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(Adds company news items and futures.)

Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 42 points

higher on Tuesday, according to financial bookmakers, with futures up 0.7% ahead

of the cash market open.

* BP: BP Plc BP.L raised its dividend and announced the completion of a

$1.5 billion share buyback programme in a sign of confidence in its growing oil

and gas business on the last day in office for Chief Executive Officer Bob

Dudley. * FERGUSON: Plumbing parts distributor Ferguson Plc FERG.L said it is

considering a primary or additional listing of its shares in the United States,

its biggest market, following the demerger of its UK Wolseley business this

year. * GLENCORE: Commodity miner and trader Glencore Plc GLEN.L reported a 9%

fall in fourth-quarter copper production, as its Mutanda mine in the Democratic

Republic of Congo suspended operations prematurely in November. * SHELL: Royal Dutch Shell RDSa.L said it has temporarily suspended

production at its Prelude liquefied natural gas (LNG) facility off northwest

Australia on Feb. 2 following an electrical trip. * WIZZ AIR: Wizz Air Holdings Plc's WIZZ.L largest shareholder, private

equity firm Indigo Partners, sold about 12.5 million shares of the low-cost

airline, at a 3.5% discount to Monday's close, according to the bookrunner.

* OIL: Oil prices rose, matching moves in other financial markets, as

investors regained calm after Monday's sharp sell-off on fears of the impact of

the China coronavirus on demand for fuel sent crude to its lowest level in more

than a year. * GOLD: Gold prices were little changed as a firm dollar countered concerns

about a rapidly spreading coronavirus outbreak in China and its economic

fallout. * London's main share index bounced back from a seven-week low on Monday, as

strong U.S. economic data kept in check worries about the coronavirus, but gains

for UK-focused midcaps were limited by concerns about the possibility of Britain

having no trade deal in place with the EU by the end of the year. UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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